Georgia Fair Tax submitted for 2007 Session
Representative Steve Davis has already
submitted HB 1667 - the Georgia Fair Tax bill. You can read the entire bill here
. This is a fantastic opportunity for Georgia.
What do Texas, Nevada and Oklahoma have in common? No income tax. What else do they have in common? They are the first, second and third fastest growing economies in the nation.
~ Clark Howard at the FairTax Rally
Although the Georgia economy ain't that bad
, the FairTax can only explode this state as a powerhouse economy.
Like the national FairTax bill, Georgians will be able to keep more of their paycheck and will have more control over how much they pay in taxes. But, there are a few differences: It includes no "prebate" to cover the tax of life's essentials and it eliminates personal and corporate income taxes, but not other taxes.
I'll follow it closely...